Bangkok--Jun 27--SET
Executive Vice President of The Stock Exchange of Thailand (SET), Ms. Patareeya Benjapolchai, said that the Revenue Dept., the Ministry of Finance, and the Ministry of Education (MOE) have co-hosted the ‘Give 1 Get 2’ Campaign to encourage individuals as well as the businesses to donate money or assets for educational purposes to institutions designated by the MOE. Twice the donated amount will be tax deductible.
The SET feels the campaign will be a direct benefit for both businesses and the society. The SET, therefore, has invited listed companies to join in on the campaign and obtained more details from the Ministry of Finance today (June 24) at the Revenue Department. Mr. Chaiyot Sasomsub, Deputy Minister of Finance, kindly presided over the seminar.
“Several listed companies have shown considerable interest in the campaign and have already joined in by giving donations to provide e-learning facilities and computer labs for institutions approved by the MOE. On June 24 alone, the total donations were recorded at nearly THB11 mln.,” Ms. Patareeya said.
The Director-General of the Revenue Dept., Mr. Sirote Swasdipanich, said that the ‘Give 1 Get 2’ Campaign is a good campaign for the business sector’s tax planning. In addition to getting the tax-deductible privilege of twice their donation, the businesses can play a part in the country’s educational evolution. Contributing to the campaign can also help promote charitable images for the donating companies. Therefore, he really encouraged businesses to regularly take part in the campaign.
Interested individuals or businesses can browse for specific education institutions and the conditions for qualifying for the tax privileges for donations to the ‘Give 1 Get 2’ Campaign at the Revenue Dept.’s website, www.rd.go.th. In addition to donating money or assets, or granting assets or goods for sale, donors can also provide support for recreational activities. This includes the building and maintenance of playgrounds, parks, and sports grounds. These types of assistance will also entitle donors similar tax privileges, effective from 2005 onwards.
For more information,
please contact the Corporate Communication Dept.:
Ladawan Kantawong Tel: 0-2229-2036
Kulvida Jintakawong Tel: 0-2229-2037
Nattaporn Boonprapa Tel: 0-2229-2049
Watsamon Saowakhonsathien Tel: 0-2229-2797 End.